On December 28, 2024, Stephen Akridge, co-founder of Solana, faces a legal dispute with his ex-wife, Elisa Rossi, over alleged misappropriation of substantial gains from Solana (SOL) tokens. Rossi claims Akridge exploited his crypto expertise to siphon off staking rewards from her digital wallet, resulting in losses amounting to 'millions of dollars.'
Rossi alleges that Akridge controlled her accounts from early March to mid-May 2023, reaping 100% of the staking commissions from her SOL holdings. While the exact value of the disputed tokens is undisclosed, the sums are described as 'significant.' Rossi's lawsuit seeks damages for breach of contract, unjust enrichment, and fraud.
Staking SOL tokens currently offers an annual percentage yield (APY) ranging from 5.6% to 12%. The total value locked (TVL) in liquid staking on Solana approaches $2.7 billion, representing about 50% of the network’s entire TVL, according to DefiLlama. Liquid staking allows users to earn additional rewards by utilizing generated proxy tokens across various decentralized finance protocols.